According to Foresight News, glassnode posted on X that there is a significant investor chip distribution around $2,800 for ETH. As the price approaches this area, selling pressure may increase, as many holders who previously bought at high prices might seek to reduce risk near their break-even point.
glassnode: ETH has a large amount of chips distributed around $2,800, and selling pressure may increase
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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